Grameen Bank’s profit rises, interest declines

Grameen Bank has earned good profit in recent months despite the lending rate cut by the present management, according to the latest data available from the bank.
The bank for the poor made a profit of Tk 1.02 billion (102 crore) in the first six months of this year as against the yearly profit of Tk 1.39 billion in 2016, reports BSS.
On the other hand, the bank is now charging lower rate of interest for lending to its members who mainly belong to the lower income groups of the society.
We are now charging